Chengxin Lithium Group's (SZSE:002240) Earnings Growth Rate Lags the 15% CAGR Delivered to Shareholders

Chengxin Lithium Group Co., Ltd. (SZSE:002240) shareholders might be concerned after seeing the share price drop 15% in the last quarter. Looking further back, the stock has generated good profits

Simply Wall St22:21 ET

Shengxin Lithium Energy (002240.SZ): Procedures relating to the transfer of prospecting rights to mining rights for the Mucilonite lithium mine under Huirong Mining are being actively promoted

Gelonghui, April 16 | Shengxin Lithium Energy (002240.SZ) said on the investor interactive platform that the processing of procedures relating to the transfer of prospecting rights to mining rights for the woodvelvet lithium mine under Huirong Mining is being actively promoted. If there are any important developments in the future, the company will promptly disclose them in accordance with relevant regulations.

Gelonghui Finance19:38 ET

Shengxin Lithium Energy (002240.SZ): The lithium metal project was put into production in 2020 and has now built a production capacity of 500 tons

Gelonghui, April 16 | Shengxin Lithium Energy (002240.SZ) said on the investor interactive platform that the company's lithium metal project was put into production in 2020 and has now built a production capacity of 500 tons. The company is optimistic about the development prospects of the lithium metal industry, focusing on strengthening technology, technology and R&D work, continuously strengthening technology accumulation and cooperation and communication with related customers on ultra-thin and ultra-wide lithium belts, and achieving small-batch production of ultra-thin and ultra-wide lithium belts; in the future, the company will expand the scale of production in due course according to market demand for lithium metal.

Gelonghui Finance19:37 ET

Shengxin Lithium Energy (002240.SZ): spent 209 million yuan to buy back 1.135% of the shares

Gelonghui March 31 | Shengxin Lithium Energy (002240.SZ) announced that by the end of March 2024, the company had repurchased 10.455 million shares through centralized bidding, accounting for 1.135% of the company's total share capital; the highest transaction price was 22.39 yuan/share, the lowest transaction price was 17.60 yuan/share, and the total amount paid was 209 million yuan (excluding transaction fees).

Gelonghui FinanceMar 31 04:45 ET

We Think You Can Look Beyond Chengxin Lithium Group's (SZSE:002240) Lackluster Earnings

The market for Chengxin Lithium Group Co., Ltd.'s (SZSE:002240) shares didn't move much after it posted weak earnings recently. We did some digging, and we believe the earnings are stronger than they

Simply Wall StMar 28 21:24 ET

Shengxin Lithium Energy (002240.SZ): Net profit for 2023 decreased by 87.35% to 702 million yuan, plans to split 10 to 2.4 yuan

Gelonghui March 27丨Shengxin Lithium Energy (002240.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 7.951 billion yuan, a year-on-year decrease of 33.96%; net profit attributable to shareholders of listed companies was 702 million yuan, a year-on-year decrease of 87.35%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 126 million yuan, a year-on-year decrease of 97.72%; basic income per share was 0.77 yuan; it plans to distribute a cash dividend of 2.4 yuan (tax included) to all shareholders for every 10 shares.

Gelonghui FinanceMar 27 06:15 ET